Reliance Industries Limited (NSEI:RELIANCE), Adani Power Limited (NSEI:ADANIPOWER) and NTPC Limited (NSEI:NTPC) are among the nearly two-dozen bidders interested in buying the bankrupt SKS Power Generation (Chhattisgarh) Limited, people familiar with the matter told ET. Others that have expressed interest include Torrent Power Limited (NSEI:TORNTPOWER), Jindal Power Limited, the Vedanta Group, DB Power Limited, Sarda Energy & Minerals Limited (BSE:504614), Jindal India Thermal Power Limited, Aditya Birla ARC Limited, Phoenix ARC Private Limited and Prudent Arc Limited, the people cited above said. SKS Power Generation is undergoing a corporate insolvency and resolution process (CIRP) since April 2022 and owes two lenders led by Bank of Baroda (BoB) a total of INR 18,900 million.

BoB has the lion's share of the debt with INR 17,400 million of secured loans while State Bank of India (SBI) is the other creditor with INR 1,500 million of dues."The expressions of interest (EOI) have come from different groups indicating the demand for the asset. This is an operational plant with all coal and purchase power agreements in place, a rarity in today's times. Large industrial groups even with a power sector exposure have shown interest because a captive plant with coal linkages will reduce their power expenses," said one of the people cited above.

July 28 was the last day for submissions.